Cash online school

Di Dong Truc Tuyen Services Joint Stock Company operating MoMo and FPT Information System signed a strategic co-operation agreement. — VNS Photo Di Dong Truc Tuyen Services Joint Stock Company operating MoMo and FPT Information System (FPT IS) on Thursday signed a strategic co-operation agreement to use MoMo e-wallet in hospital management FPT.eHospital and e-government FPT.eGov. Accordingly, the model will be piloted in some hospitals and provinces and then replicated nationwide. Millions of people would have a more convenient and quick payment channel at hospitals or public services at localities by scanning QR codes. Speaking at the signing ceremony, Nguyen Ba Diep, vice chairman of Di Dong Truc Tuyen Services Joint Stock Company said the co-operation was suitable with their target of developing financial technology products serving Vietnamese people. Nguyen Hoang Minh, general director of FPT IS said the co-operation would enhance the two sides’ potential and strength … [Read more...] about E-wallet MoMo to promote non-cash payment in public services

When Nguyen Quynh Hoa’s phone texts that her salary has been credited, she goes to the nearest ATM. "It’s just more convenient to use cash when I go shopping at a local market. Giving the vendors there my card would be ridiculous," the 24-year-old office worker said. Hoa has had a bank account and debit card for years, but she relies heavily on cash for daily transactions. This is despite her living in Hanoi, Vietnam’s capital and one of its biggest financial centers. "There are several convenience stores and supermarkets that don’t welcome cards, and I find it more complicated going through many steps to make an online transaction. Cash is just easier," she told VnExpress International. The Vietnamese government in recent years has been encouraging the development of cashless payment, but experts say that the task will be challenging as "underbanked" people rely mostly on cash. Pham Hoai Thu, a cashier at a fashion store in the Aeon Mall in … [Read more...] about Businesses have long wait to cash in on cashless Vietnam

At an online conference organized by the State Bank of Vietnam (SBV) Wednesday, Pham Huyen Anh, deputy chief inspector of the bank’s Inspection and Supervision Agency, said 170 of them involved frauds or scams. It is estimated that around VND2.5 trillion ($107.3 million) is involved in the black-market lending. Other officials from the agency said in Vietnam there is no official concept of loan-sharking or legal provisions against it though many engage in illegal lending often at usurious interest rates. By providing cash quickly and without asking for collateral, loan sharks thrive in rural areas, industrial parks and other places where people are in need of quick cash for a short term, they said. Vu Manh Tiem, deputy head of the Vietnam General Confederation of Labour’s propaganda department, said usury was widespread in industrial parks across the country but especially in the provinces of Thanh Hoa and Ha Tinh in the central region and Dong Nai and Binh Duong in … [Read more...] about Loan-sharking, a clear and present threat in Vietnam

Thanh Thanh Cong Investment acquires 35 million SBT shares, lifting ownership to 32 per cent Thanh Thanh Cong Investment JSC has purchased 35 million shares in Thanh Thanh Cong - Bien Hoa JSC (SBT), lifting its ownership in the sugar manufacturer to 158.5 million shares, an equivalent of 32 per cent of SBT’s capital. The number fell short of its total registered purchase of 45 million shares. Shares in SBT were trading at around VND20,000-22,000 (US$0.90) on the Ho Chi Minh Stock Exchange during the purchasing time from November 16 to December 14, putting the deal value at more than VND750 billion ($32 million). Earlier in November, chairwoman of Thanh Thanh Cong Investment JSC Dang Huynh Uc My completed the purchase of 20 million shares of SBT, raising her stake to 10.6 per cent. The two shareholders have a combined stake of 42.6 per cent of the outstanding shares of SBT. In October, the company approved a plan to allow My and her affiliates to increase … [Read more...] about BUSINESS NEWS 20/12

Strengthening e-commerce Tran Thi Phuong Lan, deputy director of the Hanoi Department of Industry and Trade, said the city’s trade and services have grown tremendously, drawing foreign investors to its retail market. Modern forms of trade such as e-commerce and vending machines have developed rapidly. Hanoi’s e-commerce revenues increased by 25 percent in 2017 and 30 percent in the first nine months of 2018 compared to a year ago. There are now more than 8,700 websites and e-commerce applications registered in the city, including 300 e-commerce trading floors. Hanoi has also put into operation a website on shopping in the city at http://bandomuasam.hanoi.gov.vn where users can easily search for prestigious shopping venues, consumer goods and food shops, and the location of vending machines in the capital city. Hanoi has put together information on e-payment, e-signature, e-authentication and information security measures; implemented programs and solutions to build online … [Read more...] about Hanoi promotes e-commerce development